JeffA:
It’s worse than that - the only positive effect Brexit could possibly have had was a decrease in migration. If migrations going through the roof what is the point of Brexit? All we got out of it was a massive drop in living standards, enormous problems with trade between us and Europe and a recession.I think it’s time to rejoin.
I see a typical clueless remainer who has no idea what is happening outside the UK has chimed in. Quite ironic you think of Brexiters as little Englanders when you’ve no clue what is going on outside the UK yourself. You’ve seen a positive effect in your wage packet and more competition for you as a HGV driver for a start - the UK has had the fastest wage growth in Europe. UK: Average Weekly Earnings, total pay was £538 in June 2019 and £612 in June 2022. So, 13.8% nominal wage growth over the past 3 years. Realised inflation over the same period was 13.5% - index went from 107.93 to 121.79. So, all together we have roughly 0.3% positive real wage growth. In the Eurozone compensation per employee has gone from 107.3 in Q2 2019 to 115.11 in Q2 2022. So wage growth in the euro bloc was 7.2% over the past 3 years - Germany was actually only 4.2%. Euro area inflation, as measured by HICP, went from 104.8 in June 2019 to 116.3 in June 2022, or 11.0% ■■■■■■■■■■■ Combining these, we find that real wage growth in the euro area has been -3.8% over the past 3 years.
The drop in living standards is being experienced throughout Europe, the average inflation in the Eurozone is just 0.4% behind the UK, inflation in some EU nations is now over 20% and that pales into insignificance compared to what is happening in Turkey. And what is worse is in those countries where inflation is much higher than the Eurozone average and the UK they can’t even do anything about it because their currency is the Euro and the ECB control that and set interest rates, not their own government/central bank. In countries where inflation is lower it’s because of massive government subsidies in energy, such as what France is doing but the fallout of that is much higher taxes and government spending cuts in the future. GDP in the UK for 2022 is forecast to be a 4.2% INCREASE, the economy growing by 4.2%, and we have effective full employment.
Perhaps if you stopped being such a gullible, believing everything you read in the fearporn peddling media and actually bothered to do even the slightest bit of research you’d realise things aren’t as bad as you’re being told by the British press.